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Porfidio
Porfidio, 62 years old, is divorced and lives with his daughter. He wants a loan in order to buy livestock and sell it at a profit when it reaches adulthood. This business will help him and his daughter get by. He hopes to grow and achieve his goals thanks to this project, and wants to be able, in the future, to make a better life for himself and his family, and to have financial stability. This is Porfidio's first loan with field partner FUDECOSUR. He never took out a loan with a state bank, because FUDECOSUR offers easier conditions and lower interest rates.
View original language description ↓
Porfidio tiene la edad de 62 años, es divorsiado y vive con una hija . El el crédito lo quiere para la compra de ganado y cuando estén grandes venderlos y obtener una ganancia. El negocio del ganado le ayudará a el y a su hija a salir adelante. El espera que con este proyecto crezca y logre sus objetivos y así pueda en un futuro brindarle a su familia una mejor calidad de vida y una mejor estabilidad económica. Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.

Additional Information

More information about this loan

FUDECOSUR works in one of the poorest regions of Costa Rica, where microfinance institutions (MFIs) are scarce or have a hard time keeping up with demand for small loans. By providing mostly agricultural loans, FUDECOSUR reaches rural borrowers that many MFIs consider to be too risky. However, this has also made it more difficult for the organization to find stable sources of capital to lend. Kiva's flexible, risk-tolerant capital plays a critical role in helping FUDECOSUR grow its portfolio and support even more borrowers.

About FUDECOSUR:

The Foundation for the Development of Southern Communities (FUDECOSUR) is dedicated to economically empowering its clients by providing credit and training programs that help improve living conditions for micro-entrepreneurs and their children across Southern Costa Rica. You can learn more about this Field Partner at fudecosur.org.

About Costa Rica

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Porfidio to buy livestock.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 23, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Possible